Notes from a lecture

For my Intro. to Economics class we had a guest "marxist" lecturer come in..I regretfully missed his name so I will refer to him as "he".

"He" started the lecture stating that capitalism is naturally and fundamentally a global economic system and has always been international. This is in reference to globalization. The great explorations in the 15th,16th, and 17th centuries extended the reach of European countries. Thus, creating a more integrated Europe.

Things came to a crashing halt in 1914, in what was destructive first half of the 20th century. Things such as the World War I, World War II, and the Great Depression happened. Productive capacity was destroyed as well as international trade.

There has been this sudden popularity in this big monster called "globalization" and discussion and panic at what it is doing. We ask, "where did it come from?" and "how do we stop it?"

But in all actuality globalization is not a recent invention. Today, it is just now catching up to what it was when it first began.

Again, he was "marxist" but he wasn't as scary as America plays them out to be. He actually looked a lot like a Karl Marx/Albert Einstein...


-A.